Forum Post: We need visible Leaders to express specific goals to the media so that the 99% in America can see how they fit in !! the
Posted 13 years ago on Oct. 27, 2011, 11:16 p.m. EST by jmmat
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everyone must get on board
Thanks for asking jmmat, here's my three cents:
Here's how we can easily Reform Wall Street: Take away their powers "Once Again." And the best way to get this done is a Million People March to Capitol Hill!
For example, "We are here Congress because we want you to REINSTATE the Glass-Steagall Act of 1933 http://www.investopedia.com/articles/03/071603.asp#axzz1aPEc3wX which was created to help save our country from the Great Depression by preventing investment companies, banks, and insurance companies from merging and becoming large brokerage firms; instead of just being Banks and Insurance companies -- Congress why can't you learn a history lesson from 1929? The current system doesn't work, except for the 1%, twice again. Btw, why did most of you vote for the major repeal of G-S Act in 1999? Shattering The Glass-Steagall Act: http://www.counterpunch.org/2008/09/19/shattering-the-glass-steagall-act (2nd story here)
Think about where we are now, it all started in 1999 with lawmakers like Senator Phil Gramm who helped create legal gambling casinos for our banks: CNN's The Ten Most Responsible for Economy Collapse: http://www.youtube.com/watch?v=gKQOxr2wBZQ&feature=related
Furthermore Congress, we also want you to CHANGE the Commodities Future Modernization Act of 2000 http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000 BACK to where it was before 2000, which since has deregulated energy markets and consequently allowed for such scams as The Enron Loophole; whereas in the early 2000's Enron Corp. was charging 250 bucks plus for a kilowatt hour...They all when to jail for this. But, the Enron loophole is still not completely closed, for example, allowing speculators to resell barrels of oil over and over again before it reaches the gas station owner. It's basically legal gambling at our expense. What were those lawmakers thinking then? What are you thinking now? Either do the right thing, or you're part of the 1%."
So why are oil prices high? The Enron Loophole. Former Head of U.S. Commodity Futures Trading Commission, Professor Michael Greenberger, speaks to Congress on the high price of oil--and he's not happy about Energy Deregulations:
http://www.youtube.com/watch?v=zbdtTGYQBMU&feature=related
http://www.youtube.com/watch?v=PNp0y0SjOkY&feature=related
Rolling Stones Reporter Matt Taibbi: Truth about Goldman Sachs--how they have cornered the markets--basically, The Enron Loophole and the Shattering of Glass-Steagall Act in 1999. http://www.youtube.com/watch?v=waL5UxScgUw
Let's get focused and bring back The Glass-Steagall Act of 1933, they got it right 1933, so we don't need to REINVENT the wheel because bringing this Act back will help create an even playing field once again....and let's finally Close the Enron Loophole, which allowed Enron to charge what they wanted for energy; they went to jail for this; but no one completely closed the loophole, why? Re-Election Monies from the big brokerage firms and oil companies! The writing is on the wall.
Let's get organized and reinstate these critical financial reforms with a Million People March to Capitol Hill!
And considering we need a strong central focus/goal, maybe call it: "The Million People March to Capital Hill to Reinstate The Glass-Steagall Act and to Finally Close The Enron Loophole"
That will get their attention!
I don't think this alone will solve all of our issues, but I think it will solve many of them, and will serve as a great step in the OWS movement.
thanks